BERLIN and SUNNYVALE, Calif., Jan. 27, 2015 /PRNewswire/ -- Continuing its high growth journey, Signavio reports a 121% increase in monthly recurring revenue (MRR) and a 77% overall revenue growth year-over-year. More than 74% of all Signavio customers favor a cloud subscription over an on-premise installation.
With more than 600 customers worldwide, Signavio is strengthening its leadership position in the cloud market for Business Process Management (BPM). Instead of targeting only a few experts within an organization, Signavio successfully enables "BPM for Everyone", leading to broad adoption in organizations of all sizes.
"Starting small and then expanding Signavio usage over time is a common pattern throughout our customer base," explains Torben Schreiter, Co-CEO of Signavio. Numerous customers have upgraded to enterprise-wide deployments in 2014. The amount of new business has grown very rapidly at the same time.
After the launch of Signavio's US business in 2012 and an office in Singapore in late 2013, France and the UK were added as focus countries with dedicated teams in 2014. Signavio now has over 60 employees worldwide and keeps hiring at a fast pace.
This year's growth is a continuation of the previous years: Signavio scored #5 in Germany's Deloitte Technology Fast 50 and #61 in Deloitte's Technology Fast 500 for EMEA, recognized for its rapid revenue growth from 2009 to 2013, making Signavio one of the fastest growing tech companies in Europe.
"Our product portfolio extensions such as SAP® integration and Business Decision Management will have a significant financial impact this year," says Torben Schreiter. "We are well on track for an even more exciting year in 2015!"
The German software provider, headquartered in Berlin and holding offices in Sunnyvale, CA and Singapore, offers a web-based solution for modeling, analyzing, and optimizing business processes according to industry standard BPMN 2.0. As a leading vendor for SaaS software for company-wide process management, Signavio combines the richness of a professional BPM solution with the advantages of collaboration in the cloud.
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